Forian Inc. (FORA)

[NobleRoman]

10K is out.

https://www.otcmarkets.com/filing/html?id=14842756&guid=5FdpUWx4mSFVOyh

Hello Hidden. I just don't have any opinions here. I think I have 100 share. It keeps it on my radar. It's soo many moving parts. I just don't know. There are now 3 main lawsuits against Helix, and then a number of HLIX shareholders lumped into another lawsuit category. Probably resulting from those investigations.

This way of paying for services is annoying to me. I wouldn't say ugly. It's not that much. Just stuff like that annoys me.

Recent Sales of Unregistered Securities

On March 3, 2021, Forian issued to Wakefield Margo Group a warrant to purchase 17,031 shares of common stock at a price per share of $0.01, in consideration of services provided.

Seems that Forion actually had about $500,000 in sales for its first year in business last year. Subscription fees for something. And 83% of that revenue comes from just one customer. Which may not be a stable anchor, being so reliant on a VIP. I guess they do bring a little something to the table besides just capital. And they spent a lot on R&D and infrastructure for their plans with HELIX. They have software under development. I'm just skimming, but they posted a huge loss for all that build-out. At least they have some kind of plan that's over my head.

They have 22.2 million OS. They have about $12M in cash equivalents at end of December. HELIX doesn't officially come in till March 2, so I can't see what how it all comes together. And the 10K does state they expect very high integration costs.

I just don't know. It's over my head. But I do think it will be very interesting. I think my strategy will just be to do what I said in my first post in this forum. Just add 100 shares here and to 100 shares to KERN, here and there. Over time. Small little positions, avg. cost averaging, until everything comes out of the woodwork. It might take a long time for the fog to clear. I can't see anything. It's going to be an adventure though...

I feel safe and secure in my strategy.